Federal budget deficit hits all-time April record ($82.7 billion)
(AP) The federal budget deficit hit an all-time high for April as the government kept spending to aid the recovery while revenue fell sharply.
The Treasury Department said Wednesday the April deficit soared to $82.7 billion. That was significantly higher than last year’s April deficit of $20 billion and the largest imbalance for that month on record. April’s record deficit was higher than it would normally be because about a third of the increase resulted from benefits for May that were paid on the last day in April, analysts note. That was because May 1 fell on a Saturday.
http://www.cbsnews.com/stories/2010/05/12/politics/main6477639.shtml
this from LAST May’s news...